iPhone will have the 3G Mobile Hotspot app pre-installed, and it
will also have other popular apps available in the market such as
VZ Navigator, and V CAST Media Manager.

Where by “iPhone will have the 3G Mobile Hotspot app pre-installed”, they mean, “You can configure the mobile hotspot using the tethering preferences in the built-in Settings app.” Ars Technica reports:

Apple’s own Phil Schiller assured the press that Verizon would not
be loading up the device with crapware, too. “We want the
experience to be the same for every iPhone user. So there are no
special Verizon Apps preinstalled,” Schiller told Ars. “AT&T
offers customers some apps via the App Store. I’ll let Verizon
comment if they are working on anything for that.”

I.e., the Verizon iPhone is just another iPhone 4. No logos on the hardware. No preloaded apps from the carrier.